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Social Security recipients may get biggest
cost-of-living bump in almost 40 years

Original Article

Posted By: NorthernDog, 7/13/2021 9:56:57 PM

The 69 million Americans who collect Social Security are on track to get the biggest cost-of-living hike since 1983, with one advocacy group for senior citizens projecting a 6.1% increase to benefits due to surging inflation. The bad news: Recipients will have to wait for that bump because the Social Security Administration adjusts its payments only once a year, starting with December benefits that are paid in January. That means seniors and other Social Security beneficiaries wouldn't receive a cost-of-living adjustment (COLA) until January 2022. In the meantime, prices for everything from gas to groceries are rising at a time

Comments:

Wow - isn't that Uncle Joe a swell guy. He's giving us More money than ever. /s off

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Reply 1 - Posted by: WV.Hillbilly 7/13/2021 10:04:55 PM (No. 844921)
More funny money from Uncle Sugar.
9 people like this.

Reply 2 - Posted by: snakeoil 7/13/2021 10:05:58 PM (No. 844922)
Probably accompanied with a 12 percent increase in Medicare charges.
34 people like this.

Reply 3 - Posted by: Ribicon 7/13/2021 10:15:05 PM (No. 844928)
People fo social security will get adjustments, as will Welfare-Americans. The rest of us will see our salaries and savings eroded to fund that, also also ruinous spending designed to collapse the nation. We're at war and losing badly, but we're too stupid to know it.
7 people like this.

Reply 4 - Posted by: fca 7/13/2021 10:30:44 PM (No. 844936)
Free is never really free... your grand children may ask what happened and why.
5 people like this.

Reply 5 - Posted by: pilot222 7/13/2021 10:57:27 PM (No. 844951)
The country your grandchildren inherit will be nothing like the USA of of Reagan or Trump. Debt, what debt? China will have absorbed the dollar and we will think Chicago is paradise.
5 people like this.

Reply 6 - Posted by: wilarrbie 7/13/2021 11:11:27 PM (No. 844962)
Sure hope those new workers entering under the Biden "Come-one,-come-all" immigration policy get good jobs for the next 40 years. We need the taxes.
1 person likes this.

Reply 7 - Posted by: Venturer 7/13/2021 11:18:38 PM (No. 844973)
I doubt whatever they give to Social security recipients will cover the Biden inflation.
12 people like this.

Reply 8 - Posted by: chumley 7/13/2021 11:43:37 PM (No. 844996)
Might as well. Its counterfeit money anyway. It is based on nothing and has no tangible backing.
9 people like this.

Reply 9 - Posted by: GoodDeal 7/14/2021 12:54:28 AM (No. 845051)
If the plan works out millions of seniors that get the vaccine won't be alive in Jan 2022 to collect it. Thus saving the government untold millions.
4 people like this.

Reply 10 - Posted by: DVC 7/14/2021 1:59:09 AM (No. 845080)
I wish they'd keep it and keep the gas and food prices where they were under the wonderful President Trump.
4 people like this.

Reply 11 - Posted by: ColonialAmerican1623 7/14/2021 2:18:29 AM (No. 845100)
Well darn. I was hoping to get the deal as unwed mothers. If nobody works to pay taxes, does Lunch Box Joe have a slot machine in some orifice ?
2 people like this.

Reply 12 - Posted by: mifla 7/14/2021 6:05:13 AM (No. 845168)
Just getting a few more dollars of our own money back. Big whoop.
2 people like this.

Reply 13 - Posted by: franq 7/14/2021 6:08:10 AM (No. 845173)
And hot dogs (or is it ketchup?) are 16 cents cheaper. Let the good times roll. Note to self: stay out of the lumber aisle.
1 person likes this.

Reply 14 - Posted by: WestCoast 7/14/2021 7:59:24 AM (No. 845276)
hey, my pension col increases are tied to cpi so maybe I won't see a net decrease in my standard of living. My late father in law retired just before the carter years and ended up making more retired than he did working. In reality the way my liberal county is raising property taxes, my spendable money decreases every year anyhow. SSI is a joke anyhow, I fully expect to see it disappear during my lifetime.
0 people like this.

Reply 15 - Posted by: downnout 7/14/2021 8:19:24 AM (No. 845308)
Living in a retirement community….our fees have been rising an average of 3%+ per year. Couple that with the lack of safe investment vehicles and you have the worst of all worlds. Glad we lived below our means to accumulate a nice nest egg but I would rather see it grow than being destroyed slowly by inflation. Bad as the Carter years were at least one had the opportunity to invest in high interest paper…18% zero coupon bonds, anyone?
3 people like this.

Reply 16 - Posted by: Goose 7/14/2021 9:51:05 AM (No. 845416)
I can buy a lot of $0.16 cheaper hotdogs with that, but still not enough to fill up on gas once.
3 people like this.

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